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<br />16 <br /> <br />Special Meeting <br /> <br />October 2, 1986 <br /> <br />Page 4 <br /> <br />35 in Section 37 to read as follows: IIOFFICIAL STATEMENT. The City <br />approves, ratifies and confirms (delete) the form and content of the <br />Preliminary Official Statement dated September 25, 1986 .. 11 Mr. <br />Nicola moved to amend the Ordinance to reflect Mr. Fisher's amendments <br />and Ms. Kissler seconded the motion, which passed unanimously. Mr. <br />Fisher advised the Council in adopting this Ordinance, the Council <br />was also passing the bond purchase agreement as well. In response to <br />Mayor Younger's questions, Mr. Newman stated the future capital improve- <br />ments are included and that we were not in violation having an arbitrage <br />clause. Mr. Fisher advised the City would need to expend the funds with- <br />in three years and that we would not be allowed to earn interest. On <br />roll call for adoption of the Ordinance on emergency, the Council voted <br />unanimously for adoption. <br /> <br />Mayor Younger introduced for consideration adoption of a Resolution, <br />the caption which was read as follows: <br /> <br />A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING THE FORM AND CONTENT AND <br />AUTHORIZING EXECUTION OF A PAYING AGENT/REGISTRAR <br />AGREEMENT WITH RESPECT TO THE CITY'S ELECTRIC UTILITY <br />SYSTEM REVENUE BONDS, SERIES 1986. <br /> <br />Ms. Kissler moved for adoption of the Resolution and Mr. Nicola se- <br />conded the motion. Mr. Fisher advised the Council the lowest bid was <br />received from MBank of Austin and that on the first page of the agree- <br />ment the following information needed to be amended to complete the <br />blanks: 11$16,355,00011 City of San Marcos Texas Electric Utility <br />System Revenue Bonds, Series 1986 and dated as of "October 2", 1986. <br />Ms. Kissler moved to amend the Resolution to include Mr. Fisher's <br />amendments and Mr. Nicola seconded the motion, which passed unanimously. <br />On roll call for adoption of the Resolution, the Council voted unanimously <br />for adoption. <br /> <br />The meeting adjourned at <br />conded by Mayor Younger. <br /> <br /> <br />by Mr. Farr and se- <br /> <br /> <br />1/ ¡J , æ <br />If ù'¡, (I iÞ/ ~v- <br />Karl W. Brown <br />Council Member <br /> <br />ei'ty J ~ <br />Mayo ro-Tem <br /> <br />AT~~EST: I ) ~ ," J <br />fl' "',' . ~-.//Va,'" /[/, <br />1./ j i /I \::::>j: / . ./)-? <br />~ II .M v--Jl7;. - -- y L"r;r~,_~. - L/' <br />J his K. Womack <br />City Secretary <br /> <br />---- <br />